SAN FRANCISCO, June 04, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, today announced it has priced a securitization of leases and power purchase agreements. The securitization represents the largest in Sunrun's history and the largest residential solar securitization industry wide. "Sunrun continues to set industry benchmarks, with our robust performance and ability to attract competitively priced capital," said Danny Abajian, Sunrun's Chief Financial Officer. "Not only was this the largest securitization for Sunrun and the industry, our proven track record as an originator and servicer has been recognized by KBRA, assigning a higher rating for comparable advance rates relative to precedent ABS transactions." The transaction was structured with two pari passu tranches of A+ rated notes (the "Class A-1" and "Class A-2", respectively and together the "Class A") and a single class of BB ("Class B") rated notes. The $443.15mm Class A-1 notes were marketed in a public asset backed securitization, whereas the $443.15mm Class A-2 notes ...